Viña Concha Y Toro S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 31, 2020 at 01:35 am EDT
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Viña Concha y Toro S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was CLP 192,849.554 million compared to CLP 165,576.609 million a year ago. Operating income was CLP 33,758.711 million compared to CLP 19,787.185 million a year ago. Net income was CLP 21,197.567 million compared to CLP 13,985.404 million a year ago. Basic earnings per share from continuing operations was CLP 28.38 compared to CLP 18.72 a year ago. For the half year, sales was CLP 343,962.896 million compared to CLP 296,263.040 million a year ago. Operating income was CLP 50,214.083 million compared to CLP 29,192.882 million a year ago. Net income was CLP 29,060.282 million compared to CLP 19,313.680 million a year ago. Basic earnings per share from continuing operations was CLP 38.9 compared to CLP 25.85 a year ago.
Concha y Toro Winery Inc is a Chile-based wine producer in Latin America. The Company owns approximately 10,800 hectares of vineyards in Chile, Argentina and the United States. Its renowned portfolio includes wines from these three origins, including icons Don Melchor and Almaviva, brands Marques de Casa Concha and Casillero del Diablo, and wines from its subsidiaries Cono Sur, Quinta de Maipo in Chile, and Trivento Bodegas and Fetzer Vineyards abroad. The Company carries out its operations directly through its subsidiaries, including Vina Cono Sur, Quinta de Maipo, Vina Maipo, Vina Maycas del Limari, Trivento Bodegas y Vinedos in Argentina, and Fetzer Vineyards in the USA. It participates in the distribution business through its subsidiaries VCT Chile, Concha y Toro UK Limited, VCT Brasil Importacion y Exportacion Limitada, Concha y Toro Sweden AB, Concha y Toro Finland OY, Concha y Toro Norway AS, VCT Group Asia, VCT Africa & Middle East and Concha y Toro Canada.
VIÑA CONCHA Y TORO S.A. 
